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Survey: Hiring Managers Upping Education Requirements

More job candidates will likely need a bachelor’s or master’s degree.

By University Alliance on March 12, 2015
2015 Job Outlook Offers Encouraging Signs

Those looking for signs of a growing economy can take heart from CareerBuilder’s annual jobs forecast: More than one-third of companies said they intend to hire this year, the most upbeat employment forecast since 2006. 

For job seekers, education will continue to be a key factor: hiring managers and human resources officers said they expect to increase degree requirements for a significant portion of their open positions.

“As roles within organizations become more complex and data-driven, hiring managers have adjusted requirements for their job openings,” the CareerBuilder forecast noted.

Confidence appears to be replacing caution as 36% of respondents said they would add full-time, permanent employees in 2015, up from 24% the year before, the global recruitment company said in a January 2015 statement. On the other end of the spectrum, 9% of hiring managers said they intended to reduce staff, an improvement from the 13% who reported plans to downsize in 2014.

Rounding out the survey, about 48% of respondents said they expected no changes in staffing this year, while 8% said they were unsure.

The forecast showed that education requirements are on the rise: 28% of employers said they would look to hire applicants with master’s degrees for positions that previously required bachelor’s degrees. Additionally, 37% said they would look to hire candidates with bachelor's degrees for positions that previously called for a high school diploma.

Technology jobs led the forecast, with 54% of employers saying they intended to hire for information technology positions, followed by financial services (42%), manufacturing (41%) and healthcare (38%). The STEM fields of science, technology, engineering and math also are expected to see robust growth, with 31% of employers saying they would hire in those areas.

Employers also said they intended to add employees in fast-growing, emerging fields such as: cloud computing, mobile and search technology; cybersecurity; and data management and analysis.

The annual CareerBuilder survey, which was conducted by Harris Poll in November and December 2014, included a sample of nearly 2,200 hiring managers across industries. Among the other findings:

  • 45% of employers said they would likely raise the minimum wage within their workplace in 2015.
  • 29% of small business owners expect to hire, up from 22% in 2014. (This category includes business with 250 workers or fewer.)
  • 23% of employers expect to hire part-time workers, an increase of 6 percentage points over the previous year.
  • 13% of employers said they would be replacing cubicles with open plan workspaces in 2015.

While just over one-third of employers said they would hire permanent workers, 46% of respondents said they would be hiring temporary or contract workers, up from 42% in 2014.

Category: 2015 Headlines